Integrated Investment Consultants LLC Buys 21,819 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Integrated Investment Consultants LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 119.1% during the third quarter, Holdings Channel reports. The institutional investor owned 40,142 shares of the financial services provider’s stock after purchasing an additional 21,819 shares during the quarter. Integrated Investment Consultants LLC’s holdings in JPMorgan Chase & Co. were worth $8,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 97,296 shares of the financial services provider’s stock worth $20,516,000 after purchasing an additional 857 shares during the period. Tradewinds LLC. boosted its holdings in shares of JPMorgan Chase & Co. by 2.3% during the third quarter. Tradewinds LLC. now owns 40,658 shares of the financial services provider’s stock worth $8,573,000 after purchasing an additional 921 shares during the period. German American Bancorp Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 8.4% during the third quarter. German American Bancorp Inc. now owns 86,589 shares of the financial services provider’s stock worth $18,258,000 after purchasing an additional 6,706 shares during the period. Trustmark National Bank Trust Department boosted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the third quarter. Trustmark National Bank Trust Department now owns 30,987 shares of the financial services provider’s stock worth $6,534,000 after purchasing an additional 734 shares during the period. Finally, Cypress Capital Group boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the third quarter. Cypress Capital Group now owns 70,764 shares of the financial services provider’s stock worth $14,921,000 after purchasing an additional 486 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $250.29 on Tuesday. The company has a market capitalization of $704.65 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $223.99 and a 200 day moving average of $212.38. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.33 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Finally, Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $229.31.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.